Houmu Holdings Ltd (HOMU)

[Imagineer66]

Q1. Commons as best dividend rate...
A1. No. Look at QUTRD (soon to be BRRN) and a couple of the other DL SPACs. Companies get value from their commons by SELLING the shares out of treasury not from increasing market price. If the treasury shares are all sold then increasing the market price doesn't put one dime in the company.
NB: I am long XMET but I plan on selling soon after the RM. I have no interest in investing in a company which I know nothing about. That strategy may also help me avoid any possible RS that the new company uses. I am NOT saying (unlike some others here) that there will or even may be a RS BEFORE the RM. RS are not allowed under Nevada custodianships so that would be legally impossible to do. After termination of custodianship and RM, all bets are off.

Q2. Preferred pay dividends? Not always. In the case of XMET, the preferred pay no dividend, they are just the control mechanism.

Q3. Risks to common shareholders. Varies, depends upon the rights given to each class of shares. This is why doing one's DD on the share structure is sooo important for long-term holds. CF: Facebook and SNAP.